The Wuxi government signed a strategic cooperation agreement with Shanghai Hua Hong (Group) Co. Ltd on Aug 2 to launch the Hua Hong integrated project with a $10 billion investment in Wuxi National Hi-tech District.

Hua Hong Group is the leader of China’s integrated circuit industry and an important member of China’s “909” or “910” project. Wuxi, for its part, is a key micro-electronic industrial base as well one of the cities of the national “908” project. With those conditions, the cooperation benefits both sides in industrial development and is truly win-win.